May 12 2022

Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked

published by Delma Wilson
in blog Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
original entryTerra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked

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The post Terra's Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Do Kwon's first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra's Twitter account. Terra feels that the downward pressure on UST's peg is diluting Luna, delaying both...